Posted inChina

Consumption ‘can support economic growth’ for 20 years

Consumption can support rapid economic growth in China for 20 years, as there is still great potential for increasing sales of automobiles and homes, 21st Century Business Herald reported. Currently, retail sales growth is slowing considerably, even lower than the nominal GDP growth rate, which is abnormal. Automobile sales saw negative growth of 2.4% in 2018, […]

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